NY Green Bank seeks energy efficiency proposals

The New York Green Bank is requesting proposals from private-sector lenders, investors and industry participants to facilitate the financing for clean-energy projects, officials said.

“The New York Green Bank will be the catalyst for significantly accelerating the flow of private capital to energy efficiency and renewable energy projects, and will send a message to the financial markets that expanding our clean energy economy is a priority for New York State,” Gov. Andrew Cuomo said in a statement Tuesday.

The green bank is the largest of its kind in the nation, officials said. It will facilitate private financing for projects that have difficulty accessing financing due to market barriers.